DMCC gathers over 250 Israeli business leaders
DMCC — the world’s flagship free-zone and Government of Dubai Authority on commodities trade and enterprise – has hosted its first ever physical Made For Trade Live roadshow event in Tel Aviv, Israel, as it targets attracting more Israeli companies to Dubai following the Uae-israel Comprehensive Economic Partnership Agreement signed earlier this year.
The Uae-israel CEPA is expected to increase bilateral trade to over $10 billion and add $1.9 billion to the UAE’S GDP within five years. The agreement looks to lower or eliminate tariffs on more than 96 per cent of commodities that amount to 99 percent of the overall value of trade, enhancing market access for exporters, attracting new investment, and creating opportunities in key industries.
The event saw over 250 Israeli business leaders and entrepreneurs briefed on the ease of doing business in Dubai and how the emirate acts as a gateway to some of the world’s fastest growing markets.